Adding value to our clients is our most important objective and thinking creatively is how we make it happen. Across the business areas of Property & Casualty, Life & Retirement, Reinsurance, Employee Benefits and Distribution (including brokers, MGAs, agents and wholesalers), Capco is innovating around the globe. Our services include a wide range of strategy and implementation offerings, from digital to core systems and data science.
LIFE & RETIREMENT
The life and retirement space is a natural complement to our 20-year history in wealth management. Capco offers digital strategy / execution, core system implementation services, strategy consulting and target operating model development.
PROPERTY & CASUALTY
Property and casualty (P&C) carriers are experiencing change on a more significant and rapid scale than ever before. To ensure these industry developments propel your company forward, Capco offers a great many capabilities, from core system consulting to digital strategy (including data science) along with business strategy consulting and target operating model development.
The reinsurance market has very special requirements, which Capco has the experience and skills to meet. We understand reinsurance from a global perspective and have deep consulting and technical ability. Our digital and business consulting expertise can help you to build reinsurance-specific solutions uniquely tailored to your organization’s needs.
We view independent agents, captive agents, managing general agencies, brokers, wholesalers and managing general underwriters as core constituents in the insurance value chain.
Benefit providers are faced with aging core insurance platforms. The prospect of a ‘rip and replace’ has a high-risk profile that could take years to complete. Capco has alternative solutions that can quickly provide benefit providers with the capability demanded by today’s market without the risk of undertaking a major system replacement.
EMPATHY AS A NORTH STAR IN THE INSURANCE MARKET
The ability of insurers to go beyond the quantification and actuary tables of its customers will be a differentiator as the volume and variety of data points increase. The expectation is that digital improvements, AI and wearables will all robustly impact insurance underwriting, making it easier for insurers to assess risk more precisely. Unraveling customer motivators and driving to understanding the ‘why’ will provide a dramatic competitive advantage as insurers tailor customized plans and services.
INSURANCE AND THE INTERNET OF THINGS (IOT)
The internet of things (IoT) is disrupting all kinds of industries and insurance is no exception. In the following three parts, we discuss the different technologies driving this disruption, in addition to methods for embedding these technologies into a range of insurance propositions.
To find out more about our work in the Insurance industry, and how we can help you, contact us via the link below and one of our experts will get in touch with you soon.